News on redevelopment projects, centered on the Shibuya, Minato and Shinjuku areas.
Nomura Real Estate Development and Ken Corporation are the project sponsors, with a plan that includes shops, residences, offices and a hotel. The hotel is reportedly aiming to attract a foreign luxury hotel brand, and about 500 residential units (including units for landowners) are planned.
The Urban Renaissance Agency will construct a new high-rise building in Kita-Aoyama 3-chome, Minato-ku, comprising offices, retail, accommodation, public facilities and parking, with 38 floors above ground, 2 below, a height of about 180 m and a total floor area of about 179,500 sqm. The project partner is the Tokyo Tatemono / Tokyu Fudosan JV, and Obayashi Corporation handles detailed design and construction. Demolition of existing buildings runs from April 2024 to September 2025, construction starts in October 2025, and completion is scheduled for May 2029.
The Roppongi 5-chome West District Category I Urban Redevelopment Project is a large-scale redevelopment in central Tokyo covering the area west of Roppongi 5-chome, Minato-ku, next to Roppongi Hills. The developers are Mori Building and Sumitomo Realty & Development. It covers the west side of Toriizaka, which runs north-south through Roppongi 5-chome, with a total floor area of about 1,050,000 sqm, an unprecedented scale for central Tokyo.
Mitsui Fudosan, Meiji Jingu, the Japan Sport Council and Itochu Corporation have been developing the facilities of the Jingu Gaien District Category I Urban Redevelopment Project one after another, starting with the demolition of the Meiji Jingu Second Baseball Stadium in March 2023. Overall completion is scheduled for 2036.
Mitsubishi Estate has been advancing the Dogenzaka 2-chome South District Category I Urban Redevelopment Project in Dogenzaka 2-chome, Shibuya-ku, as a participating member together with rights holders including Shin-Daiso Special Purpose Company. Above-ground demolition of the existing buildings was carried out from February to December 2023, and underground demolition and new construction started on January 16, 2024. Completion is scheduled for the end of February 2027.
Jinroku Redevelopment Co., Ltd. and Tokyu Fudosan, a rights holder and specific project participant, are jointly promoting the Jingumae 6-chome District Category I Urban Redevelopment Project. The opening of the retail facility made up of Tokyu Fudosan's commercial floors has been set for spring 2024.
Shibuya Sakura Stage, redeveloped in Sakuragaoka-cho, Shibuya-ku, was completed on November 30, 2023 (Reiwa 5) and has been opening in stages. The north-side free passage and the south passage at the south exit of Shibuya Station, which connect to Shibuya Sakura Stage, have also been open to pedestrians since December 1, 2023.
